Could one spreadsheet column solve the cost disclosure crisis for trusts?
Gravis’s Bill MacLeod explains how a FinDaTex tweak could prevent double-counting of investment company costs
Gravis’s Bill MacLeod explains how a FinDaTex tweak could prevent double-counting of investment company costs
Sales of investment companies overtook purchases by £53m
Institutions hold £89bn in investment company shares
Outflows increased by 36.3% compared to 2022
Jump of 44% on the inflows through the same route a year ago
In restricting access to certain funds and trusts, are platforms making an assumption that DIY investors are incapable of grown-up value assessments?
Will also cut trading fees
Assets under administration (AUA) climbed 11% to £70.9bn
Three businesses folded into one brand
Gross inflows were up 38% to £1.8bn
The firm booked new business of £600m in first quarter
Customer numbers increased by 50,880 to 476,532